Single-Story
New
For Sale
$1,100,000
1237 NE 14th Ave, Fort Lauderdale, FL 33304
Residential Income, Fort Lauderdale, FL
Property Size2,759 SF
Price / SF$398.70
Days on Market3
Property Features for 1237 NE 14th Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
RM-15
Bedrooms
2
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3
Parking
3
Subdivision
PROGRESSO
Lot features
< 1/4 Acre
Standard status
Active
APN
494234029560
Size
2,759 SF
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
PROGRESSO 2-18 D LOT 5,6 BLK 104
Tax Annual Amount
12386
Legal Description
PROGRESSO 2-18 D LOT 5,6 BLK 104
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1957
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
CBS (Concrete Block Structure), Block
Buildings
1
Listing Agency:
Best of Luxury Realty Corp.
(305) 407-1657
Listed By:
Tracey Schmitt · License #3136700
(305) 323-3269
Added: Oct 29
Last Checked: Oct 31 at 9:06AM
MLS# A12111237
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,759-square-foot triplex contains three separate residences in a single-story building constructed in 1957. The primary unit has two bedrooms, one bathroom, a kitchen, ceramic tile flooring, and a carport. Two efficiency units complete the configuration. Each residence has a separate electric meter, and the building has central air conditioning and public sewer service.
Located at 1237 NE 14th Ave in Fort Lauderdale, the property is tenant occupied. The structure is built with concrete block materials.
Located at 1237 NE 14th Ave in Fort Lauderdale, the property is tenant occupied. The structure is built with concrete block materials.
Key Highlights
- Three separate living units: one two‑bedroom residence and two efficiency units
- 2,759 square feet in a single‑story building
- Separate electric meters for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,992
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,840
$919.8K
Cap Rate 7%
$657,029
$657.0K
Cap Rate 9%
$511,022
$511.0K
Market Conditions
NOI Build-Up for 2,759 SF
Gross rent
$69.5K $25.20/SF
− Vacancy
−$3.8K −$1.39/SF
EGI
$65.7K $23.81/SF
− OpEx
−$19.7K −$7.14/SF
NOI
$46.0K $16.67/SF
Area
Fort Lauderdale, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$919,840
Cap Rate 7%
$657,029
Cap Rate 9%
$511,022
Alternative Uses
Best Use
Multifamily LT 5
$657.0K
$574.9K – $766.5K
NOI $45,992 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$591.9K
$517.9K – $690.5K
NOI $41,430 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,783 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,646
Businesses Nearby
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Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences include a two-bedroom home and a pair of efficiency units.
Where is this triplex located?
The property is located at 1237 NE 14th Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three separate living units: one two‑bedroom residence and two efficiency units; 2,759 square feet in a single‑story building; Separate electric meters for the units
